Schlumberger Limited $SLB Shares Bought by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. raised its stake in Schlumberger Limited (NYSE:SLB) by 17.5% in the second quarter, HoldingsChannel.com reports. The fund owned 1,574,890 shares of the oil and gas company’s stock after purchasing an additional 234,684 shares during the quarter. Schlumberger comprises approximately 0.7% of ASR Vermogensbeheer N.V.’s portfolio, making the stock its 24th biggest position. ASR Vermogensbeheer N.V.’s holdings in Schlumberger were worth $53,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Schlumberger in the first quarter worth $169,232,000. Scharf Investments LLC grew its position in shares of Schlumberger by 20.5% in the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company’s stock valued at $69,133,000 after purchasing an additional 281,773 shares during the period. Integrated Advisors Network LLC grew its position in shares of Schlumberger by 810.4% in the first quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company’s stock valued at $3,142,000 after purchasing an additional 66,907 shares during the period. Alan B Lancz & Associates Inc. purchased a new stake in shares of Schlumberger in the first quarter valued at $308,000. Finally, Stratos Investment Management LLC grew its position in shares of Schlumberger by 236.0% in the first quarter. Stratos Investment Management LLC now owns 146,908 shares of the oil and gas company’s stock valued at $6,141,000 after purchasing an additional 103,182 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Schlumberger

In other news, insider Dianne B. Ralston sold 39,727 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the sale, the insider owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by insiders.

Schlumberger Price Performance

SLB stock opened at $35.07 on Thursday. The stock has a 50-day moving average price of $34.68 and a two-hundred day moving average price of $35.28. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $46.15. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The company has a market cap of $52.38 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 9.54 and a beta of 0.97.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Schlumberger had a return on equity of 20.99% and a net margin of 11.53%.The firm had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, research analysts predict that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.3%. Schlumberger’s dividend payout ratio is presently 39.04%.

Wall Street Analysts Forecast Growth

SLB has been the subject of a number of recent analyst reports. Susquehanna lowered their price objective on Schlumberger from $44.00 to $42.00 and set a “positive” rating for the company in a research report on Monday, July 21st. Wells Fargo & Company downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 20th. JPMorgan Chase & Co. lowered their price objective on Schlumberger from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Barclays lowered their price objective on Schlumberger from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Finally, Stifel Nicolaus lowered their price objective on Schlumberger from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Schlumberger has an average rating of “Moderate Buy” and a consensus target price of $52.18.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.